Inventory cost flow methods; periodic system

Altira Corporation uses a periodic inventory system. The following information related to its merchandise inventory during the month of August 2017 is available:

Aug.1	Inventory on hand6,500 units; cost $7.90 each.
8	Purchased 24,000 units for $6.9 each.
14	Sold 18,000 units for $13.4 each.
18	Purchased 13,000 units for $6.4 each.
25	Sold 17,000 units for $12.4 each.
31	Inventory on hand8,500 units.

Required:

Determine the inventory balance Altira would report in its August 31, 2017, balance sheet and the cost of goods sold it would report in its August 2017 income statement using each of the following cost flow methods:

FIFO	Cost of Goods Available for sale			Cost of Goods Available Sold			Ending Inventory Periodic FIFO
	# of units	Cost per unit	Cost of goods available	# of units	Cost per unit	COGS	# of units in end inventory	Cost per unit	Ending inventory
Beginning Inventory
Purchases:
August 8
August 18
TOTAL

LIFO	Cost of Goods Available for sale			Cost of Goods Available for sale Periodic LIFO			Ending Inventory Periodic LIFO
	# of units	Cost per unit	Cost of goods available	# of units	Cost per unit	COGS	# of units in end inventory	Cost per unit	Ending inventory
Beginning Inventory
Purchases:
August 8
August 18
TOTAL

Average Cost	Cost of Goods Available for sale			Cost of Goods Available for sale periodic FIFO			Ending Inventory Periodic FIFO
Beginning Inventory
Purchases:
January 8
January 19
Total